2024-07-12 04:17:32
The government will import one cargo of LNG from the spot market and 1.833 metric tons of fuel oil under the state contract to meet the country’s energy needs. Out of this, 30 metric tons of diesel will be purchased from India and 1.8 million metric tons of different types of fuel oil from eight countries. The total cost will be 17 thousand 341 crore 68 lakh 30 thousand 528 taka.
On Thursday (April 11) in the conference room of the Cabinet Division in the Secretariat, the Cabinet Committee on Government Procurement meeting approved three procurement proposals. Finance Minister Abul Hasan Mahmud Ali presided over the meeting, committee members, senior secretaries of the cabinet department, secretaries of the concerned ministries and senior officers were present in the meeting.
At the end of the meeting, the Secretary of Coordination and Reforms of the Cabinet Department highlighted the various aspects of the approved proposals. Mahmudul Hossain Khan. He said, the committee has given tentative approval for import of LNG from the spot market (23rd of 2024) under the ‘Increase in Rapid Supply of Electricity and Energy (Special Provisions) (Amendment) Act-2021’. The Cabinet Committee on Economic Affairs (CCEA) meeting finalized the Master Sale and Purchase Agreement (MSPA) agreement with 23 shortlisted companies to purchase LNG from the spot market. Petrobangla invited bids from 23 firms contracted to supply one cargo of LNG, of which 4 submitted bids. Out of them 3 proposals are technically and financially responsive. At the end of the tender process, as per the recommendation of the Proposal Processing Committee (PPC), the lowest bidder Switzerland-based M/s Total Energies Gas & Power Limited will supply one cargo of LNG. 12.58 USD per MMBTU, the total cost of buying 33 lakh 60 thousand MMBTU of LNG will be Tk 583 crore 56 lakh 30 thousand 528.
The secretary said that the committee has approved the import of 30 thousand metric tons of diesel from India’s Numaligarh Refinery Limited from July to December 2024. Bangladesh Petroleum Corporation’s (BPC) refined fuel oil import proposal for 2024 was approved in principle at the CCEA meeting on November 15, 2023. 30,000 metric tonnes of diesel (0.05% ‘sulphur’) will be imported from July to December 2024 under a G-to-G term contract with India’s state-owned Numaligarh Refinery Limited at an agreed price. The total cost will be 23.191 million US dollars, which is 273 crore 67 lakh taka in Bangladeshi currency. Price per barrel (premium) is USD 5.50.
He said that the committee has approved the proposal to import refined fuel oil from July to December 2024 on G-to-G basis from state-owned enterprises of different countries. Bangladesh Petroleum Corporation’s (BPC) refined fuel oil import proposal for 2024 was approved in principle at the CCEA meeting on November 15, 2023. 2024 from eight state-owned enterprises (ASP Indonesia; ENOC, UAE; IOCL, Malaysia; PetroChina, China; PLCL, Malaysia; PTTT, Thailand; OQT, Oman and UNIPEC, China) from different countries on a G-to-G basis under term contracts. To buy 18 lakh metric tons of refined fuel oil (including premium and reference price) from July to December will cost 139 crore 69 lakh 86 thousand 680 US dollars, which is 16 thousand 484 crore 45 lakh taka in Bangladeshi currency. Per barrel (premium) gas oil price is US$ 8.75, JTA-1 price is US$ 10.88, Mogas price is US$ 9.88, furnace oil is US$ 46.70 per metric ton and marine fuel is US$ 76. 88 USD. Gas oil 11 lakh tons, 220 thousand metric tons Jet A-1, Furnace oil 2 lakh 75 thousand metric tons, Mogas 1 lakh 75 thousand metric tons and marine fuel 30 thousand metric tons will be bought at the mentioned rates.